Press Release March 24, 2005

EDO RECEIVES $17.7 MILLION CONTRACT
FOR F/A-22 AIRCRAFT ARMAMENT SYSTEM

NEW YORK - March 24, 2005 - EDO Corporation (NYSE: EDO) has been awarded a contract from Lockheed Martin Aeronautics Company (NYSE: LMT) for continued production of its LAU-142/A AMRAAM Vertical Ejection Launcher, or AVEL, for the F/A-22 Raptor.

This latest order, at a value not to exceed a $17.7 million, covers production of up to 24 Lot-Five aircraft. Production Lot Five will bring the total number of F/A-22 aircraft to 107, all of which are equipped with the AVEL.

EDO’s breakthrough design has solved the engineering challenges of launching missiles at supersonic speed, at the proper trajectory, in a fraction of a second, from an internal weapons bay. Also, unlike conventional missile launchers, the AVEL requires no explosive pyrotechnic cartridges, thereby reducing logistics support and maintenance expense.

"The F/A-22 is the most advanced fighter jet in the world, and its mission depends on the flawless performance of our AVEL system," said James M. Smith, EDO’s chief executive officer. "To maintain stealth, the release must be fast enough to minimize exposure to enemy radar, but without compromising control and safe ejection. The AVEL is an example of the type of highly-engineered technology that is central to our growth strategy."

In addition to the new F/A-22 platform, EDO provides aircraft-armament equipment for many of the leading fighter jets in use today, including the F-15, F-16, and F/A-18. The company is also developing an internal launcher for the new F-35 Joint Strike Fighter. The F-35, now under development, will be a major aircraft platform of the future.

EDO Corporation designs and manufactures a diverse range of products for the defense industry and commercial markets, and provides related engineering and professional services.

Major product groups include: Defense Electronics, Communications, Aircraft Armament, Undersea Warfare, and Integrated Composite Structures. EDO’s advanced systems are at the core of the transformation to lighter, faster, and smarter defense capabilities.

EDO (www.edocorp.com) was founded in 1925 and is headquartered in New York City. The company employs 2,500 people and had revenues of $536 million in 2004.

Forward-Looking Statements
Certain statements made in this release, including statements about future sales, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the company's products and services, product mix, the timing of customer orders and deliveries, the impact of competitive products and services and pricing, and other risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Contact:
William A. Walkowiak, CFA
Director of Investor Relations
(212) 716-2038
ir@edocorp.com